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Independent Bank Corporation IBCP Mortgage Loans In Process Of Foreclosure Amount

Mortgage Loans In Process Of Foreclosure Amount at other companies

Heritage Financial logo
Heritage FinancialHFWA
$0-100%
Fifth Third Bank logo
Fifth Third BankFITB
Independent Bank Corp logo
Independent Bank CorpINDB
Five Star Bancorp logo
Five Star BancorpFSBC

Other financials

Income statement

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Revenue$58.9M+8.9%
Net income$16.9M+8.2%
EPS (diluted)$0.81+9.5%

Balance sheet

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Cash & equivalents$174.9M+36.5%
Total debt$7.2M+13.4%
Total equity$510.6M+9.3%
Total assets$5.6B+4.3%

Cash flow

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Operating cash flow-$9.2M-148%
CapEx$4.6M+311%
Free cash flow-$13.8M-176%

Valuation

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Market cap$733.37M+16.4%
Enterprise value$565.68M+11.3%
P/E10.5×+1.0×
P/S3.2×+0.4×

Profitability

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Net margin30.3%+0.7pp
FCF margin16.6%-7.1pp

Returns & leverage

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Return on equity14.3%-0.8pp
Debt / equity0.0×

Where this comes from

Reported directly by Independent Bank Corporation in its filing.

Tagged under the XBRL concept us-gaap:MortgageLoansInProcessOfForeclosureAmount.

The official record: Independent Bank Corporation’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Independent Bank Corporation's mortgage loans in process of foreclosure amount?
Independent Bank Corporation (IBCP) reported mortgage loans in process of foreclosure amount of $2.5M in Q1 2026.
How has Independent Bank Corporation's mortgage loans in process of foreclosure amount changed year-over-year?
Independent Bank Corporation's mortgage loans in process of foreclosure amount decreased by 16.7% year-over-year, from $3M to $2.5M.
What is the long-term trend for Independent Bank Corporation's mortgage loans in process of foreclosure amount?
Over 5 years (2020 to 2025), Independent Bank Corporation's mortgage loans in process of foreclosure amount has grown at a 44.7% compound annual growth rate (CAGR), from $300K to $1.9M.
What does mortgage loans in process of foreclosure amount mean?
This metric measures the total outstanding principal balance of mortgage loans for which the bank has initiated formal legal foreclosure proceedings. It serves as a key indicator of credit quality deterioration within the mortgage loan portfolio. Monitoring this balance helps investors assess the potential for future credit losses and the effectiveness of the bank's loan workout strategies.